'''Condy Raguet''' (January 28, 1784 – March 22, 1842) was the first chargé d'affaires
from the United States
and a noted politician and free trade
advocate from Philadelphia
. Of French descent, Raguet was educated at the University of Pennsylvania
. After graduating he began studying law but had to give up his studies after the death of his father. He briefly worked as supercargo
for a counting house
, before going into business for himself. He later worked as manager or president for several companies, the most notable being the Philadelphia Savings Fund Society
. In 1816 Raguet read about the growth of savings bank
s in Great Britain and liked the idea; he approached other Philadelphia business associates and together they created the Society, the first savings bank in the United States.
As a member of the Federalist Party
Raguet was elected to the Pennsylvania House of...